March 18

Rain, Rain Ain’t Keeping Home Buyers Away (sponsored story)

Uncategorized

6  comments

(This is a sponsored story written by John Madrid, Managing Broker with John L. Scott Real Estate).

It continues to be a seller’s market in Northeast Seattle including Maple Leaf, Bryant, Laurelhurst, University, View Ridge and Wedgwood neighborhoods where there is a little less than a one and half months of single-family home inventory.

If you are a fortunate home seller expect to see a lot of open house traffic, buyer “love letters” and possibly multiple offers if your home is located in a popular neighborhood and is competitively priced.

And what to do if you are a home buyer?

First, get your financial ducks in-a-row by getting preapproved by a local lender who is available in the evenings and on weekends.

Second, try to get out to see homes before the weekend which will give you more time to line-up pre-inspections if offers aren’t being reviewed for a few days.

Third, reduce the number of contingencies within your comfort level. Finally, write that love letter even if it’s just a short paragraph in addition to a summary of your offers terms. Don’t go overboard but in this market it just may help you stand out from the pack.

More info on other Seattle neighborhoods can be found at http://www.live206.com/seattle-area-market-update-c21537.html

John Madrid is a Managing Broker with John L. Scott Real Estate – University Village and is a 2005-2012 Seattle Magazine “Five Star” Agent. His clients include both home buyers and sellers. He can be reached at 206-498-1880, john@live206.com or www.live206.com.

Statistics are deemed reliable but are not guaranteed. All information should be verified to the users own satisfaction.

About the author 

Sara W

You may also like

Sephora coming to Ballard Blocks 2

Sephora coming to Ballard Blocks 2

Self-Defense Class

Self-Defense Class

Fall Budget // Accountability Partners on SPD’s Crowd Control Policies // Internet for All // COVID Rental Assistance // Community News You Can Use

Fall Budget // Accountability Partners on SPD’s Crowd Control Policies // Internet for All // COVID Rental Assistance // Community News You Can Use

Leave a Reply

Your email address will not be published. Required fields are marked

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  1. Just sold my Maple Leaf house last week. Got many offers and sold it for well over the asking price.

    Got a bunch of “love letters.” They’re silly. We just took the best offer! Period.

    BTW for anyone else considering selling, I highly recommend Kristen Cramer of Lake & Co. She’s a real pro, very familiar with the neighborhood, she had a GREAT strategy.

  2. Multiple bids, escalation clauses and seller concessions help run the risk of you paying too much for a home. With so little inventory the past 3 to 5 months and now a frenzy of buying activity appraisers may not be able to find the comps to justify a sales price.

  3. * *
    *||||||||||||||||||||||| *
    *||||||||||||||||||||||||||||||||| *
    * ||||||||||||||||||||||||||||||||||||||*
    *|||||||||||||||||| |||||||||||||||||*
    * |||||||||||||
    *|||||||| *
    * *
    * *

    ||||| – People who like graphs.
    – People who don’t like graphs

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}

Subscribe to our newsletter now!